Latest Compliance - Official Checks Topics

by Thomas P. Della Torre

To almost no one's surprise, fiscal 1995 has been a record-breaker with respect to flood damage claims. As of January 1996:

The FRB has published its final commentary to Regulation C, Home Mortgage Disclosure. It takes effect on January 1, 1996 and will affect your data collection and reporting for 1996.

The Federal Reserve Board is requesting comments on a proposed check fraud survey.

Between April, 1993 and the end of 1995, the OCC referred 20 fair lending cases to the Department of Justice.

As we enter 1996, we enter a new era for CRA. First, we passed through implementing the new law.